ISA (Individual Savings Account ) made up from scrabble tiles

Maximise your ISA allowances

Individual Savings Accounts (ISA) enjoy freedom from income tax and capital gains tax. Your maximum annual investment in ISAs this tax year can be £11,520 (up to £5,760 of which can be saved in a cash ISA).  Your investment needs to be made on or before 5th April 2014.

Spouses each have their own allowance, so if you’re married consider investing up to £23,040.

In addition have you thought about investing for your children (or grandchildren) by setting up a Junior ISA? In the current tax year, you can invest £3,720 into a Junior ISA for any child under 18 who does not already have a Child Trust Fund.